Asst Secretary For Housing--Federal Housing Commissioner, Housing And Urban Development, Department Of

Mortgage Insurance Rental Housing for the Elderly

Federal program · Assistance Listing 14.138 · also called “New Construction and Substantial Rehabilitation for Rental Housing for the Elderly - Section 231”

Open right now: No open notice at the moment
Type of help: Guaranteed/insured Loans
Typical award: Not Applicable
Deadlines: Contact the headquarters or regional location, as appropriate for application deadlines

This program offers loans or loan guarantees, which must be repaid.

What it pays for

To provide quality rental housing for the elderly.

Who can apply

Eligible mortgagors include private profit-motivated developers, and nonprofit sponsors.

How applications are judged

Not Applicable.

Matching requirements

Statutory Formula: Title National Housing Act, Part 231, Subpart A,Public Law 12 U.S.C. 1715v.HUD Multifamily Hubs, Regional Centers, Satellite Offices, and Program Centers.Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.

Examples of funded projects